The World Wide Web is an ever-flourishing community that delivers new opportunities to make cash on the Web. One of these options is to become a domain reseller and offer domain names to end customers, earning revenue from the difference between the wholesale and the retail price of each and every domain name. 1000's of domain names are registered each and every day, and there are 1 000 000's of presently functioning domain names, so this is a blossoming marketing niche that you can become involved in.
TLDs and SLDs
A domain is composed of 2 components - a Top-Level Domain (TLD) and a second-level domain name (SLD). If we take domain.com, for instance, ".com" is the TLD and "domain" is the second-level domain name.
Generic and Country-Code TLDs
The top-level domain names can be generic or country code. The generic top-level domain names comprise the best known domain name extensions such as .com, .net, .org, .mobi, .info, while the country-code TLDs consist of 2-character abbreviations that signify each country. Examples of country-code TLDs are .ca, .me, .fr, .es, and so on. Each TLD, whether it is a generic top-level domain name or a ccTLD, has a Registry - an institution that handles the registrations and sets the requirements that each specific Top-Level Domain may impose, like the length of the registration period or the citizenship of the registrant. Certain Registrar corporations operate under the Registry. These are the firms that in fact offer the domain name to customers and administer all domain records.
Earn Money From Trading Domains
Lots of Registrars have reseller programs that enable people to earn revenue from selling domain names to end clients. If you register with such a program, you can begin your own personal online business. Regularly, a domain will be cheaper if it is registered via a reseller rather than if it is bought straight from the Registrar by an end user. The reason is that resellers can reach more clients in local districts or states where the Registrar may not be popular at all. This means more sales for the Registrar, so both parties will take advantage of that. Your profit will be the difference between the price that the user pays and the one that the Registrar charges for the domain registration.
Resell Top-Level Domains Under Your Very Own Brand
When you register with a domain name reseller program, you will obtain a webspace hosting Control Panel where you can set the prices for the individual top-level domain names that the Registrar offers. Most firms also offer invoice management software and layouts for your online storefront, and the automation of the entire procedure together with the increasing demand for domains make the domain reseller business so alluring. You will either obtain a ready-for-use site and utilize the Registrar platform to sell domain names, or they will grant you access to their API (Application Programming Interface) so that you can create your very own personal site and form for placing orders. Typically, you have the option to decide between the two options, so it all revolves around how expert you are in these things. As a domain reseller, you will do business on behalf of your very own personal brand and not under the Registrar's.
Make Money From Offering Site Hosting Services Too
An adequate addition to your domain reseller business would be to sell web hosting accounts too. Thereby, you can give a package deal to customers who would like to create their website and need both a domain name and a web hosting plan. A number of companies supply such options. With 'ResellersPanel', for example, you can order a Virtual Private Server or a dedicated server, and they will also give you a domain name reseller account and free billing software to bill your customers. You can then offer domain names and shared website hosting packages to clients, and since they offer a lot of different domain extensions, you will be able to offer domain name and hosting services to customers from all over the globe.